The economy is in a recessionary gap. There is no crowding out and government has correctly estimated that to bring the economy into long-run equilibrium it should raise government purchases by $123 billion. If government purchases are raised by $123 billion, does it follow that the economy will be moved into long-run equilibrium?

A “money market deposit account” is a(n)

If wages are “sticky”, a decline in the price level will

If we graph the consumption function such that it starts above the origin, this is because we are assuming that

The ‘exchange value’ and ‘use value’ of a commodity are the same thing.

Karl Marx believed that capitalism emerged because

According to Polanyi, the idea of Economic Man

There is nothing inherent in any act or behavior that makes it deviant. Instead, deviance is defined by society.

Karl Marx believed that capitalism emerged because

Identify two of the Elements of Deviance. (1) (2)